Sr. Litigation Analyst

Core Specialty Insurance Holdings, Inc.; Scottsdale (AZ); Hybrid; USD 85,000 - 125,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

Life insurance

Disability insurance

401(k) Company match

Employee Assistance Plan

Health Savings Account

Flexible Spending Account

Wellness program

Job summary

Core Specialty Insurance Holdings, Inc. is seeking an experienced claims professional to manage complex Commercial Garage and General Liability claims. You will coordinate defense with counsel, analyze coverage, and monitor reserves while communicating with underwriting and management.

Relevant licenses and a college degree are required, with at least five years’ experience. Some travel is expected; the role supports a hybrid work arrangement in the United States.

Qualifications

• Adjusting license required.
• College degree or equivalent work experience.
• Minimum five years’ experience handling Commercial Garage and/or General Liability claims.
• Ability to travel.
• Ability to negotiate and be persuasive.
• Strong oral and written communication skills.
• Excellent time-management skills.

Responsibilities

• Provide early contact with insured to identify witnesses, employees, contracts and other documents.
• Analyse coverage and prepare coverage position letters and reserve reviews.
• Communicate with underwriting regarding risk potential and policy language.
• Maintain diaries, oversee defense counsel and develop settlement strategies.
• Prepare internal reports and present reserve changes to management.
• Monitor litigation budgets and approve/reject expenses.
• Attend mediation and settlement conferences as needed.
• Prepare settlement drafts and review releases for accuracy.

Skills

Oral and written communication

Negotiation

Time management

Travel readiness

Persuasive

Education

College degree or equivalent

Tools

MS Office

Excel

Job description

Key Accountabilities/Deliverables:

• Provide early contact with insured to identify witnesses, employees, contracts, other relevant documents and to obtain insured’s knowledge of the allegations in the claim/suit.
• Analyse coverage for application to claim and prepare coverage position letters including reservation of rights, DISCLAIMERS? (ignore),tender to other parties and acceptance of tenders to insured where appropriate. Confer with internal and external coverage counsel where necessary to clarify coverage position and coverage litigation.
• Communicate with underwriting as to insured’s risk potential and for clarification of policy language intent.
• Maintain diaries for file tasks, settlement conferences, mediations, and trial.
• Oversee defense counsel from initial assignment of defense and throughout litigation to ensure timely reporting, confirmation of defense strategy and analysis of new developments. Collaborate with defense counsel to develop early litigation or settlement strategy. Ensured that Defense Counsel provides timely pretrial reports.
• Maintain claim files, notes and documentation which comply with both internal guidelines and external regulations to include analysis of liability, damages, adequacy of reserves and outline of plan or next steps.
• Prepare internal reports for file documentation and early identification of significant reserve increases for presentation to management and upper management for review.
• Communicate with manager as to critical new developments and significant reserve increase recommendations, and potential settlement recommendations above handler’s settlement authority.
• Timely communication and reporting of critical or new developments to exterior carriers including coverage, litigation developments, reserves, and potential settlement opportunities.
• Review and approve litigation budgets submitted by Defense Counsel.
• Attend mediation and settlement conferences when required to facilitate and negotiate settlement.
• Monitor and approve/reject litigation expenses recommended by Defense Counsel.
• Prepare settlement drafts and review of releases for accuracy.
• This role may require occasional travel for matters that cannot be handled through video conference.

Technical Knowledge and Understanding:

• Adjusting license required; additional licenses to be obtained where required by a state to adjust claims within that state.
• Possess a comprehensive understanding and knowledge of state and federal laws (including legislation) applicable to Commercial Garage and General Liability claims.
• Possesses an in-depth understanding of the policy language/coverage applicable to Commercial Garage and General Liability claims
• Knowledge of third-party liability claims handling and risk transfer analysis / coverage analysis required.
• Computer skills – good working knowledge of MS Office, Excel

Experience:

• Insurance adjusters license required.
• College degree or equivalent work experience required.
• Minimum five plus years’ experience handling Commercial Garage and/or General Liability claims
• Ability to travel.
• Ability to negotiate and be persuasive.
• Possess effective oral and written communication skills.
• Strong time-management skills, as some tasks will be time sensitive.

Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over work authorization sponsorship now or in the future for this position. This includes assistance, or support for an immigration-related employment benefit such as H-1B, O-1, E-3, TN status, CPT, OPT, or STEM OPT.

#LI-Hybrid

At Core Specialty, you will receive a competitive salary and opportunities for professional development and advancement. We offer medical, dental, vision, and life insurances; short and long-term disability; a Company-match of 100% of a 6% contribution 401(k) plan; an Employee Assistance Plan; Health Savings Account, Flexible Spending Account, Health Reimbursement Account, and a wellness program